"The President is open to using all the tools we have available," said Lawrence Summers, Harvard University professor and former U.S. Treasury Secretary, discussing compromise among the two political parties and the implications of going over the "fisc...
Rep. Peter Defazio, D-Ore., says Congress should wait until after the new year to deal with the severe cuts and tax increases that will automatically take effect. Defazio insists says it’s a lame duck session and the most radical members of the Tea Party are still here, so it’s better to wait until
U.S. National Economic Council Chairman Larry Summers looks on during a meeting with Chinese Communist Party's Central Organization Department Minister Li Yuanchao at the Great Hall of the People in Beijing, China, in September 2010.
Former White House economic advisor Larry Summers looks into the audience at the Bretton Woods Committee International Council in Washington, September 23, 2011. REUTERS/Jonathan Ernst
U.S. economist and Harvard University professor Lawrence Summers holds a news conference as he attends the Asian Financial Forum in Hong Kong January 14, 2013. REUTERS/Bobby Yip (CHINA - Tags: POLITICS BUSINESS HEADSHOT)